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Bravura appoints Libby Roy as CEO as business 'transitions'

Bravura appoints Libby Roy as CEO as business 'transitions'
Incoming Bravura CEO Libby Roy

Bravura Solutions, the technology provider used by platforms such as Nucleus and M&G, has appointed Libby Roy as its chief executive officer.

Nick Parsons, who took the helm in August last year, will officially step down on August 22. 

Former Skandia boss Peter Mann, who has sat on Bravura’s board for six years, will serve as the firm’s interim chief executive until Roy takes over.

After that, Mann will take on the role as chair for Europe, the Middle East, and Africa as the business scales up its presence across this region.

Roy, who previously led one of Australia’s largest telecommunications firms Optus and is already a non-executive director at Bravura, joins the business at a time of restructuring as it claims to enter a “new phase of growth”.

The firm’s chief technology officer, Simon Clare, left in January for FE Fundinfo, following the departure of the firm’s long serving boss Tony Klim last year.

Mann told FTAdviser the firm’s recent acquisitions of Midwinter, FinoComp and Delta are all “important components” of building out its growth strategy. 

“More of our microservices are being deployed for fast, low-risk results, as well as migration to cloud and of course more digital solutions such as our ISP microservice for pensions dashboards.”

Speaking on her appointment, Roy said Bravura has been experiencing a "transition" in its markets and has been developing its offering accordingly.

“I would like to thank the outgoing CEO, Nick Parsons, for the work he has done in building the executive team and his contribution during his many years with Bravura.”

Roy brings with her experience from PayPal, AMP - an Australian firm which provides investment products and financial advice - and American Express.

Based in Australia, Roy will spend “a large amount of time” working in the UK, Bravura said in its announcement today (June 23), as well as across other regions that Bravura serves.

The business employs around 1,500 people in 17 offices across Australia, New Zealand, United Kingdom, Europe, Africa, and Asia.

ruby.hinchliffe@ft.com